SLM Corporation

Reston, VA United States

  (NASDAQ: SLM)

Company Description

Those who graduated magna cum payments may not be familiar with SLM, but they probably know its more common moniker, Sallie Mae. The company, which manages some 10 million student loans, is one of the US's largest sources of funding and servicing for education loans. Formerly primarily a wholesale acquirer, SLM now originates more than half its loans. The firm originates, acquires, finances, and services private student loans, which are not guaranteed by the government. In addition, SLM earns fees for its servicing and collections services as well as processing and administrative offerings through various subsidiaries. The firm is one of four private entities providing servicing for the Department of Education.